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Sri Lanka intensifies fight against money laundering terrorist financing.

Sri Lanka has intensified its fight against money laundering and terrorist. Financing Intelligence Unit of Sri Lanka entered into a Memorandum of Understanding with the Department of Motor Traffic.

The aim is to receive intelligence information related to investigations and prosecutions of money laundering, terrorist financing and other related crimes.

The MOU was signed by Central Bank of Sri Lanka. A H K Jagath Chandrasiri, Commissioner General of the DMT. D M Rupasinghe, Director, FIU in the presence of Dr. Indrajit Coomaraswamy .

Money laundering and terrorist financing are internationally connected financial crimes which could threaten the stability of domestic as well as global economic and financial systems.

The MOU with the DMT would enable FIU to gather intelligence and information which is vital for prevention, detection and prosecution of such offences.

The FIU has already entered into MOUs with 37 foreign counterparts as well as 7 domestic government agencies such as Sri Lanka Customs, Department of Immigration and Emigration, Inland Revenue Department, Department for Registration of Persons, Sri Lanka Police, Securities and Exchange Commission of Sri Lanka and Insurance Regulatory Commission of Sri Lanka in order to share information to strengthen the AML/CFT framework of the country.


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